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China State Fund That Includes Alibaba to Invest in Suning Unit


China State Fund That Includes Alibaba to Invest in Suning Unit
Bloomberg News, Bloomberg News
(Bloomberg) A Chinese state-backed fund will take a stake in the retail arm of billionaire Zhang Jindong’s Suning empire, marking another step in Beijing’s efforts to clean up its heavily indebted conglomerates.
The fund, led by the Nanjing state asset management committee and the Jiangsu provincial government, will take a 16.96% stake in Suning.com Co. at 5.59 yuan a share, according to a statement Monday. That’s the same price the stock was trading at before it was halted June 16, valuing the deal at about 8.8 billion yuan ($1.36 billion). ....

Bu Yang , Zhang Jindong Suning , Alibaba Group Holding Ltd , Haier Group Co , Suning Appliance Group Co , Midea Group Co , Xiaomi Corp , Technology Group Corp , China Evergrande Group , Zhang Jindong , Group Holding , Midea Group , Haier Group , அலிபாபா குழு வைத்திருத்தல் லிமிடெட் , மீடெஅ குழு இணை , கிஷியாொமி கார்ப் , தொழில்நுட்பம் குழு கார்ப் , ஜாங் ஜிண்டோங் , குழு வைத்திருத்தல் , மீடெஅ குழு , ஹாிேர் குழு ,

China's Suning shares jump 10% after restructuring eases debt concerns

China's Suning shares jump 10% after restructuring eases debt concerns
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

Zhang Jindong , Ali Baba Group , Jiangsu Province , ஜாங் ஜிண்டோங் , அலி பாபா குழு ,